Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.22.2
Revenue Recognition (Tables)
 6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Schedule of Contract Liabilities Deferred revenues as of June 30, 2022 and December 31, 2021 are as follows:
June 30, 2022 December 31, 2021
Deferred initial franchise fee revenues
 $ 149  $ 145 
Deferred loyalty program revenues
 82  76 
Deferred other revenues
 21  14 
Total
 $ 252  $ 235 
Schedule of Performance Obligations The following table summarizes the Company’s remaining performance obligations for the twelve-month periods set forth below:
7/1/2022 - 6/30/2023 7/1/2023 - 6/30/2024 7/1/2024 - 6/30/2025

Thereafter

Total
Initial franchise fee revenues
 $ 16  $ 8  $ 7  $ 118  $ 149 
Loyalty program revenues
 52  20  8  2  82 
Other revenues
 15  1  —  5  21 
Total
 $ 83  $ 29  $ 15  $ 125  $ 252 
Schedule of Disaggregation of Net Revenues
The table below presents a disaggregation of the Company’s net revenues from contracts with customers by major services and products for each of the Company’s segments:
Three Months Ended June 30, Six Months Ended June 30,
2022 2021 2022 2021
Hotel Franchising
Royalties and franchise fees
 $ 131  $ 115  $ 232  $ 190 
Marketing, reservation and loyalty
 145  119  257  204 
License and other fees
 27  20  46  40 
Other
 32  29  71  58 
Total Hotel Franchising
 335  283  606  492 
Hotel Management
Royalties and franchise fees
 2  7  10  10 
Owned hotel revenues
 13  21  42  34 
Management fees
 3  9  9  16 
Cost reimbursements
 32  85  88  155 
Other
 1  1  2  2 
Total Hotel Management
 51  123  151  217 
Net revenues
 $ 386  $ 406  $ 757  $ 709